There have already been rumors about some Asian companies being interested in the purchase of Ford’s Volvo and a few days ago Chery Automobile officially confirmed its concern about overseas partnership.

In fact, there are three firms: Geely Automobile, Chang'an Automobile and Chery that have been talking to Ford about the Swedish automaker. Geely has been investigating about Volvo since December, but Chery has a good chance to buy a part of it too.

Chery is a state-owned automaker which has no foreign partners. The administration of the company plans to increase sales by 20% if it will be able to find a good helper. Chery’s spokesman does not say anything about Volvo in particular just admitting that "the global financial crisis provides good opportunities for China's self-branded carmakers" and that his company is not going to lose such a great opportunity for development.

Although Volvo has a pretty good chance to be owned by Chery, the Chinese experts have been looking at the other troubled European automakers as well.